Versartis, Inc. was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $18.05–$20.95 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen no positive and three negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.  

Versartis currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Versartis, Inc. Price and Consensus

Versartis, Inc. Price and Consensus | Versartis, Inc. Quote

A better ranked stock in the Medical sector is Aetna Inc. which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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